I do understand that for stocks, we have to take delivery if we forget to square off our Futures positions upon expiry. But what happens with Nifty futures?
It will be cash settled by the exchange and broker will release the blocked margin.
@DA6704 : Check this link in NSE website: https://www.nseindia.com/products/content/derivatives/equities/sec_tranc_tax.htm
Below is what it mentions (it only says 0.125 if option is exercised. Doesn’t mention anything about futures.)
STT Computation
As per the Finance Act 2004, and modified by Finance Act 2008 (18 of 2008) STT on the transactions executed on the Exchange shall be as under:
Sr.No . Taxable securities transaction New rate from
01.06.2016 Payable by
A B C D
a Sale of an optio…
@nithin is this true? If yes then Is this apply for options too?
nithin
December 5, 2018, 4:38am
4
Yes, but it is not applicable for all stocks yet. Check this
What does compulsory physical delivery mean? As stated in this SEBI circular, starting 26th July 2018, F&O positions in the 46 stocks mentioned in this NSE circular will be settled via compulsory physical delivery(Current list of stocks can be found...
@nithin But what happens in case of Nifty Futures?
lotus
December 5, 2018, 6:59am
6
NIFTY FUT & OPTION are autosqoff on expiry no Physical delivery on INDEX DERIVATIVES.